Part-time nation: What does it say when a vast portion of our society is now working at part-time jobs? 2013 scorecard: Minimum wage restaurant jobs added: 239,000. Manufacturing jobs added: 13,000.
One of the more troubling pieces of economic data I have seen is that excluding restaurant and bar employment, we are actually down nearly 2 million jobs in the private industry going back to the start of this long drawn out recession. This is probably one of the narrowest recoveries in our nation’s history focused […]
The debt reckoning has arrived: Total debt owed now approaches $60 trillion while Fed wrestles with interest rate confidence game.
Some people may be oblivious to the recent historical interest rate moves being experienced in the bond markets. Many on Wall Street probably assumed that the Fed had an unlimited ability to pull the wool over the eyes of the American public. Yet the reaction with interest rates concludes an interesting chapter in American central […]
How much do Americans earn? How the other half lives and examining income growth and median income for US households in 2013.
How much do Americans earn? Such an important and pivotal question is rarely examined in the mainstream press. It almost appears to be a forbidden topic of discussion. You would think that this question would warrant deeper examination given that income is the driving force of our consumer hungry economy. Yet many people are driven […]
The consequences of bubblenomics: Fed balance sheet increases to $3.5 trillion, negative interest rates since 2009, and part-time employment at record high.
While the Federal Reserve mumbles about tapering back quantitative easing, the balance sheet the Fed is carrying tells us an entirely different story. The latest report shows that the Fed has grown its balance sheet to a stunning $3.5 trillion. The ability to travel with an economic blindfold has been a strategy the Fed has […]